Stocks Again Mixed As Nasdaq Tries To Stay Green

Stocks have slightly improved and were again mixed in late trading Wednesday.

The Nasdaq ticked up a fraction, after falling into negative territory earlier. The S&P 500 and the Dow Jones industrial average fell 0.5% and 0.4%, respectively. Turnover continued to track higher on both major exchanges in the stock market today.

Thinly traded HCI Group (HCI) was off its session low, but still down 7% in volatile trading. The stock slumped as much as 12% intraday, but bounced back after finding support near its 50-day moving average. Still, the intraday slide took the stock down more than 8% below a 36.14 buy point from a cup base. The property and casualty insurance provider was mentioned in Wednesday's Smart Table Review.

Lithia Motors (LAD) dropped 4% and erased all of Tuesday's work in fast trade. Shares sold off despite the car dealer's better-than-expected Q2 results and outlook from this morning. It's not a good thing when a stock doesn't move up on positive news.

Netflix (NFLX) fell 2% and was on pace for its sixth straight loss. It's now 2% below a 248.95 buy point from a cup base cleared July 11. Shares climbed as much as 9% before weakening. The entertainment company late Monday delivered Q2 earnings above views, but its subscriber growth disappointed.

On the upside, Vipshop Holdings (VIPS) rallied 5% to an all-time high in fast trade. The lift puts the March 2012 IPO 21% past a 34.09 buy point from a double-bottom base cleared July 17. The stock has climbed more than 20% in less than three weeks after breaking out, triggering a key IBD rule. It should be held for at least eight weeks, unless sell signals appear.

Stocks have slightly improved and were again mixed in late trading Wednesday.

The Nasdaq ticked up a fraction, after falling into negative territory earlier. The S&P 500 and the Dow Jones industrial average fell 0.5% and 0.4%, respectively. Turnover continued to track higher on both major exchanges in the stock market today.

Thinly traded HCI Group (HCI) was off its session low, but still down 7% in volatile trading. The stock slumped as much as 12% intraday, but bounced back after finding support near its 50-day moving average. Still, the intraday slide took the stock down more than 8% below a 36.14 buy point from a cup base. The property and casualty insurance provider was mentioned in Wednesday's Smart Table Review.

Lithia Motors (LAD) dropped 4% and erased all of Tuesday's work in fast trade. Shares sold off despite the car dealer's better-than-expected Q2 results and outlook from this morning. It's not a good thing when a stock doesn't move up on positive news.

Netflix (NFLX) fell 2% and was on pace for its sixth straight loss. It's now 2% below a 248.95 buy point from a cup base cleared July 11. Shares climbed as much as 9% before weakening. The entertainment company late Monday delivered Q2 earnings above views, but its subscriber growth disappointed.

On the upside, Vipshop Holdings (VIPS) rallied 5% to an all-time high in fast trade. The lift puts the March 2012 IPO 21% past a 34.09 buy point from a double-bottom base cleared July 17. The stock has climbed more than 20% in less than three weeks after breaking out, triggering a key IBD rule. It should be held for at least eight weeks, unless sell signals appear.

See Also

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The video-streaming service will likely enter the Chinese market without a local partner as "these ventures become very complex and very difficult to manage," said Netflix's (NASDAQ:NFLX) chief content officer on Mon. But it'll need 8 different licenses to launch there. Google (NASDAQ:GOOGL), ...

Harman International Industries (NYSE:HAR) hit a new high on the stock market today, breaking out of a three-weeks-tight pattern. The maker of infotainment systems completed its acquisition of Red Bend, a connected car technology company, on Monday. Last month, Harman announced a deal with Chinese ...

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03/02/2015 01:34 PM ET

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